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GBP/USD daily chart

  • GBP/USD is trading above 1.3000 figure and its 100 and 200 SMAs.  
  • Fed’s Powell speech sent the USD higher across the board.

GBP/USD 4-hour chart

  • GBP/USD rejected the 1.3100 figure and the 200 SMA.

GBP/USD 30-minute chart

  • GBP/USD is trading below its 50 SMA suggesting a correcting down in the short-term.
  • The slide might be limited to 1.3030 support while bulls can still lift the market towards 1.3070 and 1.3100 if they gather enough steam.
  • On the flip side, a  breach below 1.3030 can open the gates to 1.2950 level.

Additional key levels